tl; dr
- After surged past the old record high at $3.4 about 10 days ago, Ripple’s cross-border tokens were unable to maintain above that level.
- With the current revision, it is now $3.15. However, one analyst believes it is not yet a proper “dip” opportunity.
if $ xrp Losing a support level of $3.15 will allow you to pull back to $3. pic.twitter.com/pezekuwteu
– Ali (@ali_charts) July 28, 2025
XRP has retreated almost 15% as it peaked at $3.65 on July 18th. There have been some bullish signs over the past few days, but have not been able to measure any significant profits.
The whale accumulation was able to help these large market participants, who purchased more than 130 million talks tokens in just 24 hours when their assets were soaked last Friday, to surpass their key support levels at $3.
But now Ali Martinez believes there could be another retracement and retest of that line of support. This can happen if XRP loses the support level that is currently being tested at $3.15. Going down that, $3 will become your next major defence line and present you with a “solid shopping opportunity.”
Ripple’s native token faced extreme sales pressure at the end of last week, bringing the aforementioned Nosedive to just under $3. At the time, one of the company’s co-founders reportedly sold assets worth $140 million.
Nevertheless, XRP remains a highly popular cryptocurrency with a very well-reputed reputation in the market, especially in Asia, as reported yesterday. That outperformed things like BTC and ETH in long shots in terms of volume trading on South Korea’s biggest crypto exchange.
On a broader scale, another popular analyst reviewed XRP’s potential bare market scenario.
Check out this key trigger (analyst) post before purchasing an XRP dip.
